Thursday, May 26, 2022

Household Capital secures $300 million financing from IFM and Citi

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Household Capital, a leading Australian provider of home equity retirement funding, today announced the completion of a $300 million financing package provided by Citi, one of the world’s biggest banks, and IFM Investors, the industry super-owned global fund manager. The innovative securitisation debt facility, will allow Household Capital to continue to meet the increasing demand from retired Australian homeowners who are seeking responsible, long-term funding for their retirement needs --- a segment of the market which has more than $1 trillion in home equity available today.

VentureCrowd raises $10m in Series A for alternative asset investment

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Australia’s leading digital investment platforms for alternative assets, VentureCrowd, has raised $10 million in a Series A round from new and existing investors, $6.6 million of the round was raised by existing investors, with $3.9 million raised from new investors through the VentureCrowd platform. The equity crowdfunding platform, which aims to democratise investment into alternative assets and facilitate access for the next generation of Millennial and Gen Z investors into purpose-driven projects, has raised over $180 million for a wide range of companies since its inception.

Podium to accelerate digital evolution for SMBs with $201m Series D round

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Podium, a communication and payments platform for local businesses has announced that it has successfully raised $201 million facilitated through a Series D funding round. The round is led by YC Continuity with participation from Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson Capital.

Gender, health and racial inequalities tackled by Ferring grant programme

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Forensic analysis of stone age human fertility to better understand why modern-day sperm counts are falling, and a project to support safe birth in rural Ethiopia by providing trained midwives and solar power kits, are among 17 winners of a new Ferring Pharmaceuticals grant programme unveiled today. he wide-ranging programme is designed to tackle inequalities and disparities in reproductive medicine and maternal health, reinforcing Ferring’s ambitious #ProjectFamily Commitment, which supports everyone’s right to build families of every shape and size.

LaunchVic helps Victorian startups to take the next step with VC Catalyst

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The Victorian Government is backing young high-growth startup companies by helping investors to understand how to invest and support early-stage startups to scale. LaunchVic will support 75 potential startup investors via an investor education program to build angel investor capabilities and unlock more capital for Victorian founders.

LaunchVic’s $1.5m investment is a lightning rod for EnergyTech

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Victorian clean EnergyTech entrepreneurs will be supported by close to $1.5m in funding from both LaunchVic and private sector energy leaders as part of Startupbootcamp’s latest program.

Celestial AI raises $56m in series A to disrupt the AI chipset industry

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Celestial AI, an AI-accelerator with a proprietary hardware and software platform for machine learning chipsets closed a $56m Series A investment led by Koch Disruptive Technologies. The Series A investment attracted Temasek’s Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand and venture capital investor in the Princeton University ecosystem, Fitz Gate.

CARS24 raises $400m and almost doubles its valuation to $3.3 billion

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CARS24, an online used car platform announced the closing of a $400m round of funding, with a $300m Series G equity round alongside $100m debt from diversified financial institutions. This round is CARS24’s third in just over a year and values the used cars e-commerce player at USD$3.3 billion, about double the valuation from its previous round in September 2021.
Amazon Launchpad announces SMB grants aimed at fostering innovation

Amazon Launchpad announces SMB grants aimed at fostering innovation

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We hope that the new Amazon Launchpad Innovation Grants will catapult a new wave of small businesses who have evolved during this time to continue creating and transforming products.

Banjo Loans secures $100m debt funding facility to offer SMEs loans

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Banjo Loans, an online SME lender, announced it secured an initial $100m debt funding facility from an Aussie financial institution to expand its reach into the more advanced SME sector. This debt funding means Banjo is now able to leverage its growth and offer the SME market unsecured loans of between $20K and $1 million, via securitised warehouse.